âMany funds with more than $1 billion in assets under management (AuM) potentially face their first quarterly reporting deadline on 15th January, 2012,â said Tony Glickman, global head of Analytics at GlobeOp. âThe complex reporting forms are compounded by the fact that larger funds and managed account platforms often involve complicated portfolio, risk and performance data. For example, weâve determined that one report element requires 449 data points across 14 categories. As our clientsâ administrator and a key financial services partner, we are uniquely positioned and operationally geared to help. We already supply much of this data in daily, weekly or monthly reports to fund managers and investors. By efficiently gathering data and drafting reports for client review and submission, we can help them meet regulatory obligations, save time and reduce investment in internal resources.â
Glickman noted that the specific portfolio data required depends on fund type and size, and typically includes a combination of fund manager, fund and investor information. It can also include asset and/or derivatives exposures, financing transactions, collateral arrangements, counterparty exposures and indications of liquidity. Data will be required both on a fund-by-fund basis as well as on an aggregated investment manager-wide basis. In many cases, funds will need to provide risk data such as sensitivities, value-at-risk (VAR) and scenario analysis.
GlobeOpâs support will begin once fund clients determine their Form PF obligations, based on SEC registration, US beneficial ownership and management of a hedge, liquidity or private equity fund. Fund management companies retain ownership of fund data and SEC filing responsibility. GlobeOp will minimise the operational burden by leveraging existing, integrated fund data infrastructures â including the general ledger, risk and pricing engines.
Pending finalisation with the SEC the service will be electronic. GlobeOp will gather data and produce Form PF reports for clients to review, authorise and submit. As all funds must be included in a single report, GlobeOp will also offer to aggregate data from client sources or other administrators.